133 Articles
CAIRO: The Cairo Information and Communication Technology (ICT) conference opened yesterday with exhibits of local and international companies. Discussions continuing all week are on various topics and will include telecommunications liberalization, ICT in manufacturing and electronic payment. Meanwhile, Xceed Chairman and Chief Executive Adel Danish spoke to The Daily Star Egypt about his call center …
CAIRO: Boyd Hight was elected chairman of the Board of Trustees of the American University in Cairo (AUC) last November. Amongst the university s biggest challenges is the construction of a new campus in New Cairo, which Hight discussed – along with other developments – in an interview with The Daily Star Egypt. Funds for …
CAIRO: A series of cartoons in a Danish newspaper has prompted a controversy that threatens to escalate into a global trade dispute between the European Union and Muslim countries. A series of caricatures first published last September that made light of Prophet Muhammed are at the center of the controversy. Danish daily Jyllands-Posten had published …
CAIRO: The Lord Mayor of the City of London, David Brewer, is visiting Egypt this week with a business delegation to meet local companies and government officials, including President Hosni Mubarak, Prime Minister Ahmed Nazif and a number of other ministers. Brewer heads up government services for the Square Mile, an area in central London …
CAIRO: Minister of Foreign Trade and Industry Rachid Mohamed Rachid signed a free trade agreement Tuesday with Turkish Minister of State Kursad Tuzmen. The agreement will take effect upon ratification by the Turkish and Egyptian parliaments, at which point the Turkish market will immediately become free of duties to Egyptian businesses for most products. Certain …
CAIRO: As the excitement over Telecom Egypt’s initial public offering (IPO) settles, the Cairo and Alexandria Stock Exchanges Chairman Maged Shawky spoke to The Daily Star Egypt about recent developments and future plans for the stock market. The Telecom Egypt offering was generally considered a success, but several investors complained that they did not receive …
CAIRO: “Pity the nation that wears a cloth it does not weave, Khalil Gibran once wrote. This sentiment was echoed by Ibrahim Saleh, who heads up several of the Kharafi Group’s manufacturing ventures in Egypt, including a smart card factory and a computer hardware manufacturing plant that started operation earlier this month. “Up to when …
CAIRO: As global trade representatives met head-on in Hong Kong to negotiate the reduction of tariffs and agricultural subsidies, Minister of Investment Mahmoud Mohieddin and Deutsche Bank Chief Economist Norbert Walter presented their views on whether Egypt can prosper in the world trade blocs of Europe, Asia and America. Speaking at a conference on Sunday …
CAIRO: Share prices increased Sunday after last week’s significant volatility, associated with the start of trading in Telecom Egypt (TE) shares. The CASE 30 index, which tracks the top thirty stocks on the Cairo and Alexandria stock exchanges, gained 1.41 percent Sunday closing at 6050.19 points. The market experienced a general decline prior to the …
CAIRO: Some 240 participants from Israel and Egypt gathered yesterday at the second conference on Qualified Industrial Zones (QIZ) at the Semiramis InterContinental Hotel. The QIZ concept was established a year ago under a trilateral agreement between the United States,Egypt and Israel. The agreement grants Egyptian products from pre-approved zones tariff-free entry to the U.S. …
CAIRO: With the government aiming to increase the annual number of tourists from 8 million to 15 million by 2011,Minister of Tourism Ahmed El- Maghrabi met with experts and EgyptAir officials to consider what changes to the government’s aviation policy are necessary to cope with the anticipated increase in travelers. Speaking at the Egyptian Center …
CAIRO: Speaking at the second of a series of bank-related meetings this week organized by the American Chamber of Commerce in Egypt, Cairo University Professor and former Dean of its Faculty of Law, Samir El Sharkawy, said that the new check law will have benefits for banks and businesses despite a critical flaw in the …
CAIRO: With Commercial International Bank’s (CIB) due diligence period for its acquisition of National Bank for Development (NBD) under way, executives from both banks discussed success factors and pitfalls related to bank mergers and acquisitions. CIB Chairman and Managing Director Hisham Ezz El Arab and NBD Chairman and Managing Director Aly Shaker shared their views …